News & Updates

Good to Know Custodial accounts are popular because they are easy to establish. A bank or brokerage firm can help your client fill out a simple form and have the account established almost immediately. Clients are also attracted to the contribution limits – there are no limits! Before going farther, let us set a quick…

Good to Know Incapacity planning may be on the minds of many Americans as COVID-19 continues to threaten our health. The Durable Power of Attorney was discussed as an incapacity planning tool in our most recent blog. While this tool is generally effective, it is not unusual for banks and other financial institutions to question…

Good to Know The same incapacity management techniques that address mental illness issues can also be effective when your client is temporarily incapacitated due to physical illnesses such as COVID-19. Here is a quick review of these documents and how they work. Power of Attorney (POA) This legal document empowers another person to act on…

Good to Know What do you think of first when someone says, “victim of COVID-19?” Most of us think of medically vulnerable fellow citizens or business failures. But what about Social Security’s health? Before answering that question, let’s recognize a few fundamental forces behind Social Security’s financial challenges: Social Security become law in 1935 and,…

Good to Know The Security and Exchange Commission’s Regulation Best Interest (Reg BI) is aimed squarely at protecting the best interests of retail investors. A common issue that arises is exactly when Reg BI applies. The short answer is that Reg BI applies when a retail customer receives and subsequently uses a recommendation from a…